RESEARCH ARTICLE
ESG risk, CEO education and gender: Evidence from Southeast Asia
Desi Adhariani,
Doddy Setiawan,
Iman Harymawan,
Winda Wulansari,
Ahmad Hambali,
Corresponding Author
Desi Adhariani
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Correspondence
Desi Adhariani, Department of Accounting, Faculty of Economics and Business, Universitas Indonesia.
Email: [email protected]; [email protected]
Search for more papers by this authorDoddy Setiawan
Department of Accounting, Universitas Sebelas Maret, Surakarta, Indonesia
Search for more papers by this authorIman Harymawan
Department of Accounting, Universitas Airlangga, Surabaya, Indonesia
Search for more papers by this authorWinda Wulansari
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Search for more papers by this authorAhmad Hambali
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Search for more papers by this authorDesi Adhariani,
Doddy Setiawan,
Iman Harymawan,
Winda Wulansari,
Ahmad Hambali,
Corresponding Author
Desi Adhariani
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Correspondence
Desi Adhariani, Department of Accounting, Faculty of Economics and Business, Universitas Indonesia.
Email: [email protected]; [email protected]
Search for more papers by this authorDoddy Setiawan
Department of Accounting, Universitas Sebelas Maret, Surakarta, Indonesia
Search for more papers by this authorIman Harymawan
Department of Accounting, Universitas Airlangga, Surabaya, Indonesia
Search for more papers by this authorWinda Wulansari
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Search for more papers by this authorAhmad Hambali
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Search for more papers by this authorAbstract
This study explores the impact of a CEO's educational background from a top university on reducing corporate ESG risk and the potential moderating role of CEO gender. Using the QS World University Rankings (QS WUR) to define reputable universities, the research focuses on companies in ASEAN (Association of Southeast Asian Nations) countries, known for elevated ESG risks. Through Ordinary Least Squares (OLS) regression analysis, the results show that CEOs educated at top universities reduce ESG risk, while CEO gender does not moderate this relationship. The findings represent the importance of reputable universities as habitus to support the globalization of business and responsible management education, regardless the gender. The results also highlight the influence of educational background on corporate ESG performance, with significant implications for corporate strategy and CEO appointments.
CONFLICT OF INTEREST STATEMENT
The authors declare no conflicts of interest.
Open Research
DATA AVAILABILITY STATEMENT
Available upon request.
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